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savings on the mandatory side and savings from winding down the war in iraq and afghanistan. these are savings that cbo scores of about a trillion dollars, that cbo scoring them at a trillion dollars. now we know some republicans will quibble over the savings but they have no leg to stand on. though war is the second-biggest policy driver of the deficit after the bush tax cuts. if conducting the war ads to the debt, it is undeniable winding down the war deliver savings. the administration tells us with the wind down their putting in place in the iraq and afghanistan, they can prosecute the war on about $630 billion over the next decade. cbo, however, assumes 1.67 trillion in war funding for 2021. by adopting the administration's lower number, we can save over a trillion. we know the republicans agree with this because they included the exact same savings in the wrong and budget that passed the house. i never criticized such accounting then and it's hard to see how they could do so now. last, senator reid's proposal allows a joint committee that has the potential to achieve e
the wars in iraqnd and afghanistan, which the republicans are calling a budgetary gimmick and not real savings. the yet, the ryan budget, which almost a every house and senate republican voted for, counted the same cuts almost identically. so, they say it is real savings to thee ryan plan with state savings in the reid proposal.-- i am sorry, but you can't have it both ways. reid' further, senator reid's plan actually is all cuts. i don't necessarily like that. contains dollar for dollar spending cuts to match the debtt ceiling increase. mh as much as i don't like this aspect of it, it doesn't include any revenues. even though a "washington post" abc newsabc poll said that 72% f the american public believes we should have those makingma over. $250,000 pay more. 72%.lo what republicans haveng wanted l along and now we are giving it to wen them. and all of the cuts and plans up and supported by republicans in the past. so, we are presentingse a plan that is all cuts, no revenue. the pretense that they are using to reject it just doesn't pass the j smell test. and according to cbo, it sav
every month for military operations in afghanistan alone to prop up a corrupt and incompetent karzai government. how about ending wasteful subsidies to big agriculture companies? how about asking billionaire hedge fund managers to pay the same tax rates as their secretaries? the truth is that the best way to deal with our long-term fiscal situation is to grow our economy. that means creating jobs and putting people back to work. the last election i thought was about jobs. we haven't talked about jobs at all since the new republican majority became -- came to power. that means investing in things like education and infrastructure and green technology and medical research. that's the kind of economic future the american people deserve. the boehner default plan would take us exactly in the wrong direction and urge my colleagues on both sides of the aisle to reject it. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from california has 5 1/2 minutes remaining. the gentleman is recognized. mr. dreier: mr
. $2.70 trillion in spending cuts, including money saved from ending the war is in iraq and afghanistan. chuck schumer and senator reid spoke about the proposal with reporters for about 25 minutes. >> senators durbin and moynihan are on an airplane. unfortunately, they are not here. but they are on their way. i spent all weekend trying to work something out with republicans. instead of moving forward, we went backwards. one example -- our spending this year for the military is that $700 billion. that is more money for the military than the rest of the country's put together. you would think that in this debate that we have, they could chip in a few bucks to cut some spending. this weekend, the republicans wanted to raise spending. something modest, something the pentagon could live with. over the weekend, lo and behold, more funding for the pentagon. so, rather than trying to work with us on something as obvious as this to save money, they went their own direction. the economy has been forced to have the same debate on the same subject a few months from now. republicans and their short-
the entire decade the cost of the afghanistan and iraq war about is about $1.3 trillion. and that is a lot of money.rs again that's over ten years over a decade. this year alone the deficit is expected to be 1400,000,000000 this -- 1.4 trillion. be the deficits this year will be the larger than the cost of iraq and afghanistan over ten years. so the driving force behind the deficit isn't above war in iraq and afghanistan.y it represents only 1% of the the total outlays over the last ten ye years.to thetal total amount of money spent the president -- president obama office took office is $8.5 trillion. three by the end of his first three years in office we will have t added 5 trillion to our gross federal debt. that is a stunning number.bushad bush had a widely criticized and in many ways brightly criticized for hundred 50 billion-dollar deficit. since president obama$4illion has beena has b in office it's been 1.2, 1.3its -- i looks like this year it will be $1.5 trillion. each year more than double that amount. we a
of iraq and afghanistan. today we just voted h.r. 2650 to, in fact, establish a club of losers for these patriots who have served their country. what a shame. what a shame. i yield back. the speaker pro tempore: for what purpose does the gentleman from louisiana rise? without objection. mr. scalise: mr. speaker, the house finally passed a real plan that addresses this nation's spending crisis. i think many american families know that washington has a spending problem because they have been living within their means. they have wen been trying to figure out to do what what they've got. and we passed a plan that actually would cut, cap and balance and controls spending in washington. and what's the president's plan? we have still yet to hear his plan. we hear speeches and class warfare where the president puts one part of america against the other. if he confiscated every dollar, it wouldn't address the problem. it's time to get real. if the president wants to get serious about addressing the spending problems, it's time to confront what cut, cap and balance does and tell washingt
in less than one hour in afghanistan. less than one hour. so here we're talking about millions of jobs, supported by funding from the national endowment for the arts, $165 billion in economic activity. against all of the other things we do, where there is so little payback for what we spend of the taxpayers' money. but the two things i'd like to mention in addition to kind of the value added aspects of arts funded -- funding, if you think back over the history of mankind, what has survived of the great civilizations of this world? the only thing that has survived has been the creative product of the minds of men and women throughout history. literature. music. architecture. painting. sculpture. these are the only things that survived. if you look around this glorquouse room we have the privilege of serving in, the famous painting of george washington, lafayette, the architecture that's represented here. this is all the creative product of the men and women of generations. this is what our soul speaks to the world, to yen rations to come -- to generations to come and this is what we're
Search Results 0 to 6 of about 7